Morning Daily - 2017-08-02

ETAuto Newsletter | Wednesday, August 2, 2017
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Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Complete Indian auto sales analysis: July 2017 brings good tidings for the auto industry
• Tata Motors cuts pay of top executives after booking losses
• FAME scheme: Over 60% of subsidy goes to hybrid 4 wheelers
• Car buyers rent model before owning
• GST dries up working capital for auto component companies
• Royal Enfield maker beats Bajaj Auto, Hero MotoCorp hands down
• Nexon to help address 12% of the market: Mayank Pareek
• Tractor sales likely to rise to record level: Crisil
• Over 100 years old and still going: Here are some of the oldest auto companies
• Maruti Suzuki, TVS Motor, Eicher Motors, Maharashtra Scooters hit new high Business-standard.com
• Factory activity shrinks most in 9 years on GST confusion: Report
• Bajaj Auto is betting on high-end Husqvarna to woo upscale buyers Business-standard.com
• PSA finalises purchase of Opel/Vauxhall from General Motors
• Ferrari plans utility vehicle to double profit by 2022
• Tata Group companies deny Mistry allegations in annual reports
• On what basis high-speed vehicles are allowed to be imported: Madras HC
• Indias complicated infrastructure story HT Mint
• 3 Times You'll Want To Just Quit Your Job (And What To Do Instead) Forbes
Monthly Sales Report Card
• Maruti Suzuki scales fresh record high on July Brezza, Ertiga sales numbers
• Tata Motors overall sales grows by 7% in July 2017
• M&M registers a 6% growth in overall sales in July 2017
• Honda Cars India Ltd. registers 22% sales growth in July 2017
• Ford India posts 18.9% rise in domestic sales at 8418 units in July 2017
• Hero MotoCorp posts growth of 17% in July 2017
• HMSI total sales up 20% at 544,508 units in July17
• Royal Enfield sales up 21% at 64,459 units in July
• TVS Motor Co July sales up 9.34% at 2,71,171 units
• VECV sales marginally down at 4,359 units in July
Industry
• Lexus Design Award invites entries from India
• Germany to agree plan to cut diesel emissions: Sources
• German chipmaker Infineon to supply Tesla Model 3
• Daimler invests in flying taxi firm Volocopter
• FCA Union chief "appalled' at payoff allegations
• German transport minister denies cosy ties with car industry
• Select base metals soften on subdued demand
• German automakers face class actions over price-fixing
• Honda posts strong Q1 on Asia sales, raises annual profit forecast
• Volkswagen lifts 2017 forecast
• Energy supplier Ovo launches tariff for electric vehicle drivers
• Fired Fiat labor executive landed new job at GM
Aftermarket
• Volvo enters Uttar Pradesh opens dealership in Lucknow
Auto Components
• Most automakers slow to fix dangerous air bags
Tyres
• Goodyear Tyre & Rubber Co shares post biggest drop in nearly 1 yr
Automotive
• e-platform for farm goods' trade launched
Oil & Lubes
• Oil prices fall on surprise rise in U.S. inventories, high OPEC output
• Petrol pump dealers' commissions hiked by up to 60%
• BP sees oil prices below $50 a barrel in 2018
 
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